By now most of you are probably aware of the situation surrounding the stock market. With China manipulating their own currency, and trade wars escalating, along with a yield curve close to inverting... a potential recession is not far off. Now you may be asking... What does this have to do with Bitcoin? Well the global markets act as a lava lamp, The lava...
Priceline of leading cryptocurrency Bitcoin / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone.
Price action is getting bouncee from 200 simple moving average support.
Volume profile of complete pattern is showing that traders interest can't be developed at this area.
I have defined targets using Fibonacci sequence as...
a couple of days ago I talked about the Parabola and how it remains unbroken and the strong support in this region.
Now I am going to show you another pattern...(which also holds the SUPER DUPER STRONG SUPPORT) I like to call this pattern THE COMPLETE MIND...
Welcome back everybody,
We have a short position as first target at $11,067 and second target at $10,320 with stops above $12,376
If we break the 38.2% level for the longer term fibonacci retracement at $12,023, we might see a rally towards $13,200.
If we break $12,376 level, we could potentially test $13,845.
Potential reversal zone for buyers is sitting...
I think, everybody need to spending more time to analyse the current market structures before starting to trade.
I personally can not trade without these steps, YOU NEED TO UNDERSTAND which circumstances are there on market, before you want to ride some wave.
"Why 9.5? Why 12k?"
So today I will show you: why BITCOIN moves these levels.
If you don't have time,...
Potential Reversal Zone is between $17,000 and $13,900 for the Bears.
We just tagged a shorter term fibonacci retracement at 38.2% level ($9,770) and then, the price started making higher highs, signalling us the Bullish Market State.
If we can put this weekly W formation by closing above $11,341 for this week - we can potentially put the ABCD bullish pattern,...
Welcome back everybody,
I honestly think that it is really important for us to break this trend line before calling the Strong Bull Market State.
Possible retracement area for the current is between $11,279 and $10,889.
If we break this trend line, price could potentially jump somewhere between 13.2k and 13.9k!
We also still have the longer term 19.7k and 22.1k...
Happy Friday and my last day here in New York!
I am seeing a huge amount of Bear charts here on trading view and other sites, so I wanted to look at support zones and why we will hold $10,000!
Let's have a look...
At $11,551 we have a horizontal support crossing from January 2018.
We have diagonal support that held this region pushing us higher...
Thumbs up and follow me
Long-term perspective Bitcoin
If patterns are repetitive or at least similar, then the course could be predetermined in the next few months.
As a rule, humans try to draw on the past and the present and look for the future, and that is exactly what I am trying to do with the logarithmic BraveNewCoin Liquid Index for Bitcoin because it...
"The big battle" - Between two highly determined structures, the $11,000 with $9,000 forming a large sideways channel 15% wide!
Currently we are forcing the $11,000 resistance without the right weapons for a breakout nor the bears looking to fight back at the moment, so it goes side ways and stays around $10,800 with an undecided momentum.
Feel to check out my...
Welcome back everybody,
Our first target at $10654 has been hit, bringing us 12.54% profits.
Our next target is at $10900.
Next supply zone is around $10266.
Thanks for the support Megalodons.
I appreciate you all!
Let me know what you think about Bitcoin :)
Enlightening the modern investors
This looks more like a retracement to me. Of course this is a game of probability. I'm not saying it's going down but it is more likely. This is just my opinion.
Disclaimer: This is not financial advice
so yesterday I noticed a support region that will have a strong impact on price over the coming month to 2 months as we work through this possible ABCDE pattern.
Previously in MAY - JULY 2017 we had a similar pattern with a similar support region that I will post in the comments below.
CLOSE UP VIEW OF POSSIBLE PRICE ACTION...
Bitcoin loves keep going up with flags we all know that. We have a big flag on 1w time frame. Also flag's target is fibonacci 1 level. Is this a coincidence? We have never seen much volume like we have last 15 weeks. She took power from ema10. I hope she never close a candle under ema10 nor this mean trend change. Something very big is coming i think. But when?...
Whats up traders?
In the last BTC idea we bought Bitcoin to the upside and made some good gains. I hope some of you guys got into it and made also profits!
Guess what? Now we selling it down. Buy low sell high you know?
With my analysis i think we can break the lows on BTC to the downside for a target under 7.800 USD.
Wishing you guys a great rest of the week...